On Tuesday, Pfizer Inc. (NYSE: PFE)’s shares inclined 1.41% to $33.17.
Pfizer Inc. invites investors and the general public to view and listen to a webcast of a conference call with investment analysts at 10 a.m. EDT on Tuesday, October 27, 2015. The purpose of the call is to provide an update on Pfizer’s results, as reflected in the company’s Third Quarter 2015 Performance Report, to be issued that morning.
Pfizer Inc., a biopharmaceutical company, discovers, develops, manufactures, and sells healthcare products worldwide. The company operates through Global Innovative Pharmaceutical (GIP); Global Vaccines, Oncology and Consumer Healthcare (VOC); and Global Established Pharmaceutical (GEP) segments.
Solera Holdings Inc (NYSE:SLH)’s shares gained 0.04% to $53.68.
Solera Holdings, Inc. (SLH) declared that it has reached a definitive merger agreement following which an associate of Vista Equity Partners will acquire Solera in a transaction valued at about $6.5 billion, counting the existing net debt of Solera. Other key investors comprise an associate of Koch Equity Development LLC, the investment and acquisition partner of Koch Industries, Inc., and an associate of Goldman, Sachs & Co.
Following the Merger Agreement, Vista will acquire 100% of the outstanding shares of Solera common stock for $55.85 per share in cash in the Merger. The purchase price represents an unaffected premium of 53% over Solera’s closing share price of $36.39 on August 3, 2015.
The closing of the Merger is conditioned upon customary closing conditions, counting the approval of Solera stockholders and required regulatory approvals. The Merger is predictable to close no later than the first calendar quarter of 2016.
Solera’s board of directors, following the receipt of the unanimous recommendation of a special committee of independent directors of the Solera board (the “Special Committee”), unanimously approved the Merger Agreement and the Merger, and recommended that Solera stockholders vote their shares in favor of the Merger.
Solera Holdings, Inc. provides risk and asset administration software and services to the automotive and property marketplace. The company offers estimating and workflow software that manages the overall claims process, estimates the cost to repair a damaged vehicle, and calculates the pre-collision fair market value of a vehicle; and salvage, salvage disposition, and recycling software that connects buyers and sellers through an electronic auction network.
At the end of Tuesday’s trade, Lululemon Athletica inc. (NASDAQ:LULU)‘s shares dipped -0.78% to $53.37.
lululemon athletica inc. (LULU) declared financial results for the second quarter ended August 2, 2015.
For the second quarter ended August 2, 2015:
- Net revenue for the quarter raised 16% to $453.0 million from $390.7 million in the second quarter of fiscal 2014.
- Total comparable sales, which comprises comparable store sales and direct to consumer, raised by 11% for the second quarter on a constant dollar basis.
- Comparable store sales for the second quarter raised by 6% on a constant dollar basis and direct to consumer revenue raised 35% on a constant dollar basis.
- Direct to consumer net revenue raised 30% to $82.2 million, or 18.2% of total Company revenue, in the second quarter of fiscal 2015, an enhance from 16.2% of total Company revenues in the second quarter of fiscal 2014.
lululemon athletica inc., together with its auxiliaries, designs, manufactures, and distributes athletic apparel and accessories for women, men, and female youth. It operates through two segments, Corporate-Owned Stores and Direct To Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle activities and athletic pursuits, such as yoga, running, and general fitness; and dance-inspired apparel for female youth. It also provides fitness-related accessories, counting bags, socks, underwear, yoga mats, and water bottles.
SunTrust Banks, Inc. (NYSE:STI)), ended its Tuesday’s trading session with 1.31% gain, and closed at $40.12.
SunTrust Banks, Inc. (STI) declared that it plans to release third quarter 2015 results on Friday, October 16, 2015.
SunTrust Banks, Inc., one of the nation’s largest financial services organizations, is dedicated to Lighting the Way to Financial Well-Being for its clients and communities. Headquartered in Atlanta, the company serves a broad range of consumer, commercial, corporate and institutional clients. As of June 30, 2015, SunTrust had total assets of $188.9 billion and total deposits of $144.9 billion. Through its flagship partner, SunTrust Bank, the company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic States and a full array of technology-based, 24-hour delivery channels. The company also serves clients in selected markets nationally. Its primary businesses comprise deposit, credit, trust and investment services. Through its various auxiliaries, the company provides mortgage banking, asset administration, securities brokerage, and capital market services. SunTrust’s Internet address is suntrust.com.
SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Administration, Wholesale Banking, and Mortgage Banking. The Consumer Banking and Private Wealth Administration segment offers deposits, home equity lines and loans, credit lines, indirect auto loans, student loans, bank cards, and other lending products, in addition to various services.
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